The Next Perfect Trade: A Magic Sword Of Necessity
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'The Next Perfect Trade' articulates a set of principles that can be applied in discovering superior trades; those that will be profitable in the broadest range of economic scenarios. The book shifts focus from forces that drive markets to forces that drive successful trades. The robust performance of this approach has inspired the subtitle 'A Magic Sword of Necessity'.If you think of investing as a rigorous intellectual battle, you need to prepare for it thoroughly. Get in proper shape. Learn your moves, acquire your armor, your shield, your helmet and your battle horse. A magic weapon will be wasted if you get killed by the market's first arrow. Every chapter in this book represents a step towards mastering the sword of necessity. Taking each of those steps has its own merit. Both aspiring and experienced investors can find value in this book long before the advanced concepts, such as "necessity" and "dominance," are fully introduced. And with complete training and equipment, this weapon may give you a devastating advantage.

File Size: 2777 KB

Print Length: 176 pages

Publication Date: September 7, 2015

Sold by:  Digital Services LLC

Language: English

ASIN: B0152BWGSK

Text-to-Speech: Enabled

X-Ray: Not Enabled

Word Wise: Enabled

Lending: Not Enabled

Enhanced Typesetting: Enabled

Best Sellers Rank: #63,383 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #11 in Kindle Store > Kindle eBooks > Business & Money > International > Economics #52 in Books > Business & Money > Investing > Analysis & Strategy #89 in Kindle Store > Kindle eBooks > Business & Money > Management & Leadership > Decision-Making & Problem Solving

I was lucky enough to get a pre-release copy of The Next Perfect Trade before it came out on , so I am one of the early reviews here.There are very few sources for individuals attempting to learn about the vast world that macro encapsulates. Of course, that's probably why Alex was motivated to share some of the insights he has gleaned through wins (and losses) over years of experience in markets.Alex shares a discretionary framework which is complementary with any discretionary macro strategy over any macro horizon. In an original way, the time tested truths regarding the power of trends are conveyed with respect to historical context. This is illustrated with a powerful mental model of a pendulum depicting the interplay of trend and momentum... The more one considers the pendular swing the more it can be applied across characteristics of price behaviour in markets, to participants behaviour, dynamic multi-equilibria, "valuation-pull", sentiment, positioning, probability and position sizing processes etc etc.Beyond this, Alex does something few, except for the best minds in macro manage to do; which is focus on the things which he can know. And so, we are introduced to his framework on the interplay between corporate borrowing rates and equity prices. This is unique in its simplicity and valuable, because as Alex elucidates, there is some predictive function and economic logic to be witnessed in this relationship.Another highly relevant observation, and one which is contemporaneous; is Alex's discussion on carry. This is the enemy of even the most experienced bond trader, and why so few were able, read willing; to lever up and short the Bund in early 2015 when it was flirting with negative yields.

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